Wednesday, 30 November 2011

API Blog :: Have your say!


API Blog :: Have your say!

November 15, 2011

Transport infrastructure and property prices: the road to riches

Filed under: General by admin at 2:05 pm — Tags: ;
As a property investor you should be continually scouring the market looking for new opportunities and trends that will affect the demand for property.

BY RICH HARVEY
New and improved transport infrastructure can have a dramatic effect on property prices. On one hand you want be close to transport… but not so close that road noise decimates the peaceful tranquility of outdoor living!

1. What type of transport infrastructure projects impact property prices the most?
The main types of transport projects that improve property prices include:
• Light rail
• Heavy rail line (passenger and freight)
• Bridges
• New expressways and motorways
• Bus transit ways
• Port facilities or expansions
Good quality transport links to the CBD and regional hubs within a metropolitan area help to improve property values for a suburb. Question regularly asked by investors are “how close is transport” or “how long to commute to the city.” With petrol prices on the rise the shift to pubic transport is likely to rise.
The London School of Economics developed a model that demonstrates a one per cent improvement in a location’s accessibility to employment opportunities results in a rise in property value of between 0.25 and 0.3 per cent. A study in Brisbane by PRDnationwide found that suburbs with rail access increased in value by around three per cent more than those without rail access.
The benefits of living close to great transport links are fairly obvious: it cuts down travel time and commuting time thereby increasing leisure and family time; it improves access to employment and amenities; and generally improves the efficiency and productivity of the economy.
2. How can investors take advantage of the development of these new projects?
For new transport infrastructure developments, we have identified that there’s often a spike in property and land values in two distinct phases. The first is when the project is announced – it creates renewed interest in the area from investors and developers keen to get a slice of the action. Investors aim to capitalise on the ‘potential’ of the area. The second phase is once the new transport project is in place and operational and residents and businesses experience the benefits of reduced travel time.
Property investors can take advantage of new announcements at either stage. However, its important to understand that investing on the basis of an announcement is speculative. For example, the North West Rail Link was announced and then re-announced several times by the former New South Wales Government, but they didn’t commit to a timetable or funds. So if you had brought a property along the corridor in the hope of a quick capital gain you would have been disappointed.
3. Where can investors find out more information to do their research?
Investors can source information from their local council, the Department of State and Regional Development or the Department of Infrastructure in the relevant state. Large infrastructure projects are always reported in the media and financial press due to the economic benefits that the project brings from both construction and operational phases.
4. What are some examples of projects and what happened to property prices in the nearby areas?
The light rail network in Sydney is being extended from the Lilyfield terminus to Dulwich Hill train station. This is likely to improve property values in the inner west suburbs of Leichhardt, Haberfield, Lewisham, Summer Hill and Dulwich Hill. We’ve seen increased demand from both investors and owner-occupiers in these areas in the last 12 months. When the Glebe Island Bridge was completed there was a spike in property values for Balmain and Rozelle and surrounding areas.
When the M2 motorway in Sydney was first completed it made travel times from the northwest suburbs of Sydney much quicker (except now they’re extending the road to three lanes and it’s like a car park during peak hour!). Suburbs such as Baulkham Hills experienced a sharp increase in median price after it was completed.
The completion of the M7 ring road around Sydney also opened up a large number of outer west suburbs and industrial areas, which has seen some appreciation in values.
In regional and coastal towns such as Bowen and Gladstone in Queensland the expansion and construction of port facilities for Australia’s largest coal exports will have a dramatic impact on property values.
Investors should keep a close eye on the heavy rail projects proposed for Sydney – the South West rail line and the North West Metro rail line. Also, the long awaited rail link in north Brisbane from Petrie to Kippa-Ring should have a positive effect on suburbs such as Murrumba Downs, North Lakes, Mango Hill, Rothwell and Redcliffe.
Remember, transport links are just one of many factors you need to consider as an investor.
Rich Harvey is a buyers agent, economist and CEO of propertybuyer ®. Rich was awarded the 2009 national “Buyers Agent of the Year”, the “Award for Excellence” 2004-2008 by the REINSW and the 2007 National Telstra Business Award. Find your next property faster: http://www.propertybuyer.com.au
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Tuesday, 29 November 2011

New cool real estate app....download now

COOL NEW APP FOR IPHONE

My Mortgage Kit - Free Version

By Vow Financial Group Pty Ltd




* NEW SAVINGS CALCULATOR (and some more calculators in the paid version)
* New User Interface and design changes
* Changes to Stamp Duty Calculations based on state changes
load this page on your iPhone or iPad

download from link below
http://itunes.apple.com/au/app/my-mortgage-kit-free-version/id427885961?mt=8




Monday, 28 November 2011

Maitland Local Government Area Rents up 10 per cent

Maitland Local Government Area Rents up 10 per cent





PRDnationwide has undertaken research on the Maitland Local Government Area, revealing the boom in the number of residents was pushing rents up in the region.“Maitland has been the fastest growing inland town in NSW over the past few years, with an average growth rate of 2.3 per cent per annum between 2005 and 2010,” said report author, PRDnationwide research analyst Oded Reuveni Etzioni. The boom in population has led to increasing rental prices.


“The mining industry draws interstate and cross Tasman employees to the Hunter Valley, leading to an increased demand for rental accommodation,” said Mr Reuveni Etzioni.

“Maitland has witnessed a 10 per cent increase in the median rent for a three bedroom house and a 12.5 per cent increase for a two-bedroom unit,” he said.

The researcher said the shortage in rental properties is expected to continue in the short to medium term as mining companies intensify their operations in the region.

But while rents are increasing – the median house price has decreased slightly – dropping by two per cent to $348,000.
However the long term average growth recorded over the past five years remained positive at 4.4 per cent per annum.

“The most active suburbs for the first half of 2011 were identified as East Maitland, Rutherford and Thornton,” said Mr Reuveni Etzioni.

PRDnationwide Hunter Valley licensee Luke Anderson said: “The increase in demand for homes in the Maitland area has been amazing. “The trends we have seen so far look set to continue on both the sales and rental sides of the business.”

source:PRDnationwide

Sunday, 27 November 2011

Scope the council DA's...... Spy on others.

Scope the council DA's
Here is a quicky, find development opportunity by scoping ad's on council websites.
How
example below
http://wsconline.wyong.nsw.gov.au/applicationtracking/modules/applicationmaster/default.aspx?page=wrapper&key=443091
PRESS AGREE (if you do agree)
now on right hand side read through DA's

see if any sub divisions going on that way you might find a similar sub division potential in the area.

















now narrow it down to sub division




WAHLA !!!!!!!!!!!!!!!!!!!!!!!






THE REST IS UP TO YOU.
DO your research and see whats going on ,
who is doing what where how and most importantly WHY?

If this helps you find a deal remember 10% my way thanks ....ha ha.....




souce: http://wsconline.wyong.nsw.gov.au

Friday, 25 November 2011

Capital Gains Tax on New Zealand Property?

rebloggered (new word ian ? ha ha ) from : http://www.propertyinvestorcentre.co.nz


Capital Gains Tax on New Zealand Property?

Well there has certainly been a heap of debate over this week’s ‘leaked’ Labour Party proposed introduction of a Capital Gains Tax (CGT) on Investment Property in New Zealand (if they should happen to be successful in the upcoming election later this year)


I personally feel that the Labour Party has just committed Political Suicide, and they will not be elected into power, but you just never know, crazier things have happened.

The fact that it has now announced that the same proposed 15% Capital Gains Tax will also be applicable to the sale of Farms, Businesses and Shares on the Stock market, do further cement my thoughts that they don’t have a hope of getting into power this time around.


One thing I do know for a fact is that New Zealand is one of the few developed countries in the World that doesn’t have a Capital Gains Tax on Property. And that if it is not introduced this time around, it is inevitable that NZ will get a CGT at some stage in the future.

Whilst I am obviously against the introduction of a Capital Gains Tax on property, if and when a CGT is introduced its certainly not the end of the World for Property Investment in New Zealand, especially for ‘Buy and Hold’ investors like us that don’t make a habit of selling property anyway. But instead keep buying to build up a large asset base for the income that those properties generate, and the ongoing growth in asset value over time.

What part of that strategy involves selling a property?
Therefore no ‘realised’ Capital Gain to pay CGT on.


People that do buy property with the intention of selling to make a profit (Property Traders) in New Zealand do already pay income tax on their profits (Capital gains) currently anyway. Just the same as any business does when they buy an item, then sell it for a higher price and pay income tax on their profits, so paying tax on a capital gain is nothing new for the Property Traders.

As I mentioned above, many other developed Countries have had a CGT on property for quite some time, even our closest of neighbors Australia. A CGT was first introduced in Australia in 1983. Any capital gain made from selling an Investment property is added into your gross income for that year, and then taxed as income at your own personal tax rate, so the rate of CGT on property in Australia is on average far greater than the 15% that the Labour Party is proposing here in New Zealand.

Australia also has another form of tax on property purchases, that being Stamp duty. On the purchase of a property with a value of $300,000 Stamp Duty will add a minimum of $9,000 extra to the overall purchase costs (higher in some States). With a property worth around $500,000 Stamp duty amounts to anywhere between $16,000 (Queensland) and $25,660 (Victoria) which is a sizeable tax, and it’s payable upon purchase, so there is no avoiding it, buy never selling.

My point is that Investment in Property in Australia is still today an extremely feasible and very financially rewarding form of investment, and they have had CGT since 1983 as well as the extra tax, Stamp Duty, which we don’t have here in New Zealand.


Ok, so if I don’t ever sell any property how do I get access to the cash?


So if your plan is to keeping buying property, and build up a large asset base, and you never sell, how do you access cash from your property portfolio?

When you initially purchase each property, it may only just be self funding, or have slight positive cash flow. And you might be thinking that you won’t be able to buy enough property to replace your income and live solely off your property portfolio?

But what you must remember is that as the years go by rents are increasing, and 5-10 years down the track the positive cash flow generated by each property is generally far greater than it was when first purchased. Once you have purchased enough income producing property, and rents increase over time, it is quite possible to live off the surplus rental income generated.


There is also another way….

Once you have built up a large enough asset base, you are able to live off the increasing equity of your properties. This is a very effective way of funding your lifestyle or retirement from the increasing value of your property portfolio.


To simplify this strategy, as your property portfolio continues to increase in value over time, you borrow against your increased equity, and use this borrowing to fund your lifestyle or retirement.

So let’s look at this a little further, 10-15 years after you start investing, and you have built up a property portfolio that is worth say $5,000,000. Because you have bought every property below value and have also had some capital gain over that period, you are only geared to 50% of the total value, so you have mortgage debt of $2,500,000.

Say you were still working at your day job, and you were earning a gross income of $100,000p.a, after paying PAYE income tax you will be left with $76,000.

If instead of working, you were to approach your lender, and ask to borrow $100,000 against the equity in your property portfolio they would set up a Line of credit for you, on which you would pay interest on any amount drawn down at the current floating interest rate, for example sake, let’s assume 7%. So after allocating the first $7,000 towards paying interest, this leaves you with $93,000 to live off for the next 12 months (or longer).

Here’s the interesting bit, this money is not income, so you don’t pay any income tax on it. It’s not a capital gain from selling a property, so you don’t pay any capital gains tax on it (assuming we have a Capital Gains tax)

You might be thinking, yeah that’s great but what happens after the first year, you’ve spent all your borrowed money, and you now have an extra $100k of debt, and how are you going to live for the next year? Well, you have to borrow more. Many of you might be thinking that this doesn’t sound very smart? But if the value of your assets are appreciating by far more than you are borrowing against them, and your rental income is increasing as well, to be able to service the increased mortgage interest, it is quite a sustainable strategy.

This ‘Living off equity’ strategy is certainly not for beginners, it’s a fairly advanced strategy that should only be applied once you have already built up a sizable asset base, with substantial net equity, normally at least $1.5-$2m minimum.

The reason I have mentioned it here is merely to show that there are certainly alternatives to actually selling down the Assets, to be able to benefit from and live off the growing equity base. There is obviously a little more to it than what I have mentioned here, but this gives you the general idea. We cover this ‘living off equity strategy’ in greater detail in the final module in our e-Coaching Property mentoring program.

Summary:
So I as I mentioned at the beginning of this article, while I am opposed to the introduction of any form of Capital Gains tax in New Zealand (for obvious reasons), it would be na├»ve for any of us to think that it isn’t going to happen eventually.

And that if and when a Capital Gains tax is applied to the sale of Investment Property in New Zealand, it doesn’t have to negatively affect our investing as much as you may have first thought it would.

As per normal the media love to get hold of stories like this and they have an absolute field day, putting the fear of God into the general public. But as you can hopefully see by now, it’s certainly not as bad as some might think it would be, and by no means is the introduction of CGT a deal breaker for me and my property investing.


Regards, and successful investing,

Clint Taylor

Thursday, 24 November 2011

New Prada store opens in REDFERN soon ......?????????

New Prada store opens in REDFERN soon ......?????????
OK JUST JOKING BUT COULD HAPPEN 10 years from now....

look at new developments...

URBA  all these new developments in REFERN wow changing Suburb 




Brand New Stylish 2 Bedroom Apt in Redfern - Just 100m Walk to Train Station
Ready to say hello to Urba? A stone's throw from the CBD, you're in the heart of Redfern's new urban cool. With its brilliant mix of stylish brand new 1 and 2 bedroom apartments and Penthouses, most with parking and additional studies.

Urba is a welcome new addition to Sydney's urban DNA, a modern building and cosmopolitan space with 18 storeys. In the heart of Redfern, Urba will really appeal to people looking to live just 2.5 kilometres or 5 minutes drive from Sydney's CBD.

Working downtown? It's just 10 minutes to the city by bus, train, or bike. Same goes for Sydney Uni and UTS. Walk or cycle to your favourite cafes and restaurants. Everything is so close. Stroll to Chinatown and the city. Funky new laneway cafes, cool bars and designer stores seem to be popping up in great locations every other day.
These architecturally-designed apartments are big on living space, big on comfort and loaded with natural light. They offer a brand new level of contemporary urban style in Redfern's booming new city living hub.

Get a natural high, and some great city views, in Urba's prime two bedroom apartments. These premium apartments offer large terraces ideal for entertaining, open plan living areas, double sized bedrooms easily double up as an office or study, perfect for the busy professional, student or as an investment.

Features include:
- Audio intercom & top tier security systems
- Large balconies/terraces
- Split system air conditioning
- District/City views
- Floor-to-ceiling glass
- Sleek designer kitchens with stainless steel European appliances, dishwashers & stone benchtops

Bring the colour of Urba into your life.

Friday, 18 November 2011

Greenpower Energy (ASX: GPP) has nearly completed its drilling campaign on its Victorian brown coal areas in the Latrobe Valley of Victoria



















Greenpower Energy (ASX: GPP) has nearly completed its drilling campaign on its Victorian brown coal areas in the Latrobe Valley of Victoria, which will assist with definition of maiden JORC resources.

CURRENT SHARE PRICE
Wednesday, 16. November 2011

AUS$0.043 

A total of 10 air core and rotary mud drill holes have been completed and an additional five rotary mud holes and two coreholes remain to be drilled.  Core sampling is being submitted for testing.

This resource definition work is part of Greenpower’s strategy for sustainable development of the Latrobe Valley lignite, otherwise known as brown coal. The company aims to use brown coal for production of liquid hydrocarbons.

Greenpower is currently in the process of completing plans for the introduction and adoption of technology which converts brown coal to API 37 synthetic crude oil, which is greenhouse gas neutral.

Greenpower has interests in four Exploration Licences which are at various stages of drilling and cover some lignite areas with strip ratios of less than 2:1.

Additionally other areas of lignite at greater depths and with subsequent higher stripping ratios are covered by the company’s licences. They have been chosen with a view to utilising newer energy recovery technologies which are able to operate with greater overburden thicknesses.

In most holes substantial thicknesses of brown coal have been intersected. This information together with data from existing work will be used to generate the JORC resource for the brown coal deposits west of Moe.

Greenpower’s interests in the permits are held via two wholly owned subsidiaries: Sawells Pty Ltd (EL4877 and EL4860) and Greenpower Natural Gas Pty Ltd (EL4500 and EL5227).

This extension of the 2003 Latrobe Valley Coal Resource Model below




Description This extension of the 2003 Latrobe Valley Coal Resource Model shows the distribution and quality of the brown coal. 8445 bores have been modelled over a total area of 2030 square kilometres. This is a 930 square kilometre extension to the original model and incorporates 17 new bores in the Stradbroke area. It captures 90 years of knowledge that was previously only accessible as paper records. It has applications in assessments of coal utilisation, land use, ground water and subsidence.


Both the 2003 (pink area) and 2008 (red area) modelling was done by GHD.

In 2003 the project was funded by the Victorian Department of Innovation, Industry and Regional Development as an outcome of the Latrobe Valley Ministerial Taskforce. Yallourn Energy, International Power—Hazelwood and Loy Yang Power gave permission to use their mine models.

The 2008 extension of the current coal model was funded through the Developing the Latrobe Valley Resources Future Initiative (3 year project - funded out of the Provincial Victoria Statement). We have used data provided by Victoria Coal Resources Pty Ltd (VCR). The extension was undertaken as part of a broader project to raise the profile of coal deposits in the Gippsland region and encourage investment in coal based development (beyond electricity). VCR is a company that is exploring coal to diesel, coal bed methane and underground coal gasification opportunities.

The following rules were used for 2008 seaming:

  • Seams are at least 6m thick. Thinner seams were permitted where truncated by Haunted Hills Formation (HHF) or where the bore has started or ended in coal.
  • No 6m (or more) interval within a seam contains more than 30% ash.
  • Seams started and finished in coal.
  • Coal at seam boundaries was excluded if thinner than neighbouring intraseam.

Thursday, 17 November 2011

Land zoning restriction removed from Latrobe Valley properties


Land zoning restriction removed from Latrobe Valley properties

Friday, 11 November 2011
Nationals Member for Morwell Russell Northe today announced that the Victorian Coalition Government is acting to remove an outdated land zoning rule which has been a point of contention for many Latrobe Valley landowners.

Mr Northe said the “Special Use Zone 5 (SUZ5)” zoning had prevented landowners from developing their land to its full potential and in some instances made the selling of property quite difficult.
“This action by the Victorian Government will help protect the Latrobe Valley coal resource while also removing planning restrictions that stifle development,” said Mr Northe.
http://www.ret.gov.au/resources/industry_consultation/regional_minerals_programs/latrobe_valley_2100_coal_resources_project/Pages/LatrobeValley2100CoalResourcesProject.aspx




















Many years ago, it was thought that the Morwell River might have to be moved to the east of the township to ensure access to the coal fields at the western end of the Latrobe Valley.
As it turned out, minor movements were made to the river to the west of Morwell by the power generators. The existing SUZ5 covers a 25 km tract of land from Boolarra to Tyers east of Morwell that was set aside for the river, would not be needed.

“The planning restrictions impacted 223 properties and covered 1900 hectares of land.”
Mr Northe said Clean Coal Victoria (CCV), which is part of the Department of Primary Industries (DPI), has completed a study which found that it was unlikely that the Morwell River would ever be moved to the east of the township.

“Following CCV’s review, I have decided that this restriction can be removed,” said the Minister for Energy and Resources, Michael O’Brien.
“Mr Northe has been a great contributor to the process of achieving this practical outcome for the local community,” said Mr O’Brien.

Mr Northe said the Minister for Energy and Resources will now write to the Planning Minister to begin the process of removing the SUZ5.

Latrobe City mayor, Councillor Darrell White, said that Council had been working closely with landowners in the area for quite some time.
“We have been lobbying for this change for a while now and we are extremely pleased to see this positive outcome. After years of frustration, the change will be most welcome by the residents who are no longer constrained by the restrictions. They are now free to pursue further development opportunities, should they wish.

“We acknowledge the assistance from Mr Northe and the State Government and Clean Coal Victoria in achieving a resolution to what had been a long, ongoing matter. Lifting these restrictions means that future development opportunities can now be investigated,” Cr White said.
Mr Northe said there is still coal in sections of this area, and the Minister has authorised DPI to work with Latrobe City Council and the Department of Community Planning and Development to review the planning protections as necessary to protect the coal resource.
“This will improve the Latrobe Valley Planning Scheme, protect the coal resource and remove redundant restrictions on development,” said Mr Northe.

“This will be a huge relief for residents who have been fighting for the removal of these restrictions, and whom I have been advocating on behalf of for over 3 years.”
Media: Russell Northe / Julia Auciello 5133 9088  




Wednesday, 16 November 2011

Redfern-Waterloo Authority Transition Fact Sheet


                     Redfern-Waterloo Authority Transition Fact Sheet

Below is the text of the Redfern-Waterloo Authority Transition Fact Sheet released by the RWA on 2 November 2011 advising of the changes within the RWA's activities as a result of the winding up of the RWA.

REDFERN-WATERLOO AUTHORITY TRANSITION FACT SHEET

Background

Commencing operation in 2005, the Redfern-Waterloo Authority (RWA) was established to undertake urban renewal and revitalisation across the built environment, employment and enterprise, and human services in its local area. The Redfern-Waterloo Authority was established as a temporary organisation and during the past six years, there has been over $300 million of investment in the area through improved development, job creation, health and community services.
The Sydney Metropolitan Development Authority (SMDA) was established in December 2010 to identify, plan and develop substantial new urban centres within greater Sydney. The SMDA will be assuming many of RWA’s functions and has two precincts currently under review being RedfernWaterloo and Granville.
Subject to parliament, the RWA Act 2004 should be repealed by late 2011.

Fact Sheet purpose

The RWA Transition Fact Sheet is to provide an overview for the transition of the RWA’s functions including:
  • The achievements of the RWA and its partner agencies
  • The NSW Government’s commitment to Redfern-Waterloo
  • What will happen to RWA’s functions
  • The role of the SMDA
  • The next steps

Achievements of the RWA and partner agencies

As a consequence of the implementation of the Redfern-Waterloo Plan and the work of the RWA and its partner agencies, the following has occurred:
  • The $53 million National Centre for Indigenous Excellence which opened in February 2010 including the direct support of $500,000 from the RWA;
  • The concept planning and sale of the Rachel Forster Hospital for a 150 dwelling residential development valued at $70 million upon completion;

  • The development of Australian Technology Park including $123 million for 8 Central Ave (Channel 7) and the $47 million NICTA Building;
  • The establishment of Eveleigh Market;
  • The redevelopment of the Redfern RSL ($25 million) and Gibbons St Carpark ($35 million) for residential and commercial use
  • REDFERN RSL
    Mixed Use Development
    Redfern St Redfern NSW
    18 Storey mixed use Developments comprising of Ground to Level 1; 670m2 of Retail Space
    Level 2; 1500m2 New Redfern RSL Club
    Levels 3 -4; 1,690m2 of commercial use
    Levels 5 -18; 84 apartments including roof top terraces
    With 5 levels of underground car parking


  • The enhancement of heritage in the local area through the Redfern-Waterloo Heritage Taskforce, the Heritage Interpretation Plan and heritage-related projects at Australian Technology Park with more than $3 million being invested in the Redfern area;
  • Improved perception of Redfern-Waterloo by the wider community;
  • Assisting Redfern police in the reduction of serious crime;
  • An improved range of targeted local health and community services;
  • Improved training and employment opportunities for Aboriginal people via the Aboriginal Employment Program including Koori Job Ready and Yaama Dhiyaan. Since its inception, over 850 employment opportunities have been created for the Aboriginal community;
  • The implementation of Phase one and two of the Human Services Plan. Phase one focused on improving health services, services for Aboriginal people, youth services, alcohol and mental health issues, and services for children and young families. Phase two looks at improving human services delivery for older people, people with disabilities, migrant communities and homeless people; and
  • The RWA has provided over $1 million in community grants over the past six years.

What you need to know

What is the NSW Government’s commitment to the Redfern-Waterloo area.

  • The NSW Government is committed to the long term social outcomes for Redfern-Waterloo and its ongoing renewal to bring positive and lasting benefits to the area;
  • Redfern-Waterloo will continue to see future significant and positive developments through the Sydney Metropolitan Development Authority (SMDA) and other agencies; and
  • The NSW Government will continue to consult closely with the community.

Why is the RWA winding up

  • The RWA was established to facilitate change up to a 10-year period. It was always a temporary organisation;
  • The RWA has made a positive contribution in the Redfern-Waterloo area and has facilitated change through collaboration with agencies and the community; and
  • The RWA has delivered a strategic framework for human services reform. Agencies will continue the reform process initiated by the Redfern-Waterloo Plan; and
  • Significant change has occurred in the Redfern-Waterloo area over the past six years with real and lasting benefits for the community in the areas of investment, job creation, health and community service.

What will happen to RWA’s functions

  • Many of the responsibilities of the RWA will continue through the SMDA and other agencies;
  • The transition of RWA’s functions has already commenced with the transfer of Development Applications to City of Sydney and the Aboriginal Employment Program now being supported by Australian Technology Park Sydney Limited;
  • RWA is committed to creating sustainable pathways for the key programs under the RedfernWaterloo Plan and will be discussing with its partner agencies the best ways to ensure programs continue to operate successfully in the local area; and
  • The RWA will keep the community updated as the transition plans develop.

What is the role of the SMDA

  • The role of the SMDA is to drive housing and employment opportunities in specific areas serviced by public transport and infrastructure and build economies of urban centres;
  • As a priority, the SMDA will focus on the urban renewal of the Redfern-Waterloo and Granville precincts;
  • While the SMDA will continue a number of the core planning and development functions of the RWA, it has an entirely separate legislative platform;
  • SMDA takes a state significant view of metropolitan precincts and projects, not just State significant sites;
  • The SMDA will adopt the urban renewal functions of the RWA including planning and development to continue the renewal of Redfern;  and
  • The SMDA will be delivering further plans for the Redfern-Waterloo precinct including the Built Environment Plan 2 and an Urban Renewal Study; and
  • The SMDA will continue to consult with the community.

More information

Further fact sheets on the transition of the activities of the RWA will be provided in the future. If you have any questions in the interim please contact:
Redfern-Waterloo Authority
Tel: 9202 9100 Email: redfernwaterloo@rwa.nsw.gov.au
Level 11, Tower 2, 1 Lawson Square, Redfern NSW 2015
www.redfernwaterloo.nsw.gov.au
Source: http://www.redfernwaterloo.nsw.gov.au/other/latest_news/transition_fact_sheet_021111.pdf
source: www.redwatch.org.au

Tuesday, 15 November 2011

New free and good Guesstimate Valuer.

New www.onthehouse.com.au feature , GUESSTIMATE VALUER...
http://www.onthehouse.com.au/guesstimates/
This feature displays Guesstimates and User Generated Guesstimates.
They are not a valuation of a property and should not be relied on by users as a valuation or for valuation
They are a Guess with a rough guess scale.
BUT its a great second opinion. Run a property through it and see what it says.
Look below, the scale will not read the add but will give a guess on recent sales and what its potential would be. Work out if its worth it or not.
Below property was from last weekend.


Top 5 Bargain Houses (cheapest)

4 HOLTERMAN Pl CARTWRIGHT 
Sold $205,000 
Great new feature of on the house
valuer - what could it be worth.





Other Bargains 
5 LANG Rd CASULA $342,500
146 KILDARE Rd BLACKTOWN $360,000
130 KING GEORGES Rd WILEY PARK $372,000
23A BUGONG St PRESTONS $376,500








 NSW Auction Results
Snapshot

702
Reported Auctions 
Last week: 609 This week last year: 631
Sold prior to auction:
129
Passed in:
288
Sold at auction:
270
Passed on
vendor's bid:
41
Sold after auction:
15

Withdrawn:
59
Total Volume: $293.3mil
Postponed:
19

No Result:
168
Private Sales
580
Private Sales
Total Volume: $271.8mil
House
Total Auction Houses: 535
57%
Clearance Rate
Median Price : $814,500
Top 5 Houses
12 YARRAGA Pl YOWIE BAY $3,000,000
20 RYRIE St MOSMAN $2,555,000
74 BEACH St COOGEE $2,206,000
174B KURRABA Rd NEUTRAL BAY $2,150,000
8 HUNTLEYS POINT Rd HUNTLEYS POINT $2,150,000




Flats and Apartments
Total Auction Flats/Apartments: 148
70%
Clearance Rate
Median Price: $631,600
Top 5 Flats/Apartments
25/95 ELIZABETH BAY Rd ELIZABETH BAY $2,000,000
32/1 LAUDERDALE Av FAIRLIGHT $1,210,000
14/94-98 RAMSGATE Av BONDI BEACH $1,060,000
10/31 ADDISON Rd MANLY $1,055,000
23 SUTHERLAND Av PADDINGTON $1,020,000


Top 5 Bargain Flats/Apartments
82/132-134 MOORE St LIVERPOOL $215,500
23/26A HYTHE St MOUNT DRUITT $231,000
1/118 GOOD St HARRIS PARK $243,000
38/42 PATRICIA St BLACKTOWN $350,000
119/555 PRINCES Hwy ROCKDALE $375,000
Vacant Land
Total Auction Vacant Land: 19
32%
Clearance Rate
Median Price: $475,000
Vacant Land Sales
30 ASHMEAD Av CASTLE HILL $580,000
9 UNWIN St EARLWOOD $515,000

source: CEO - REINSW Tim McKibbin

Monday, 14 November 2011

Mining town 22000 population growth a year. Town can't cope please Help


Breakfast with Jacquie Mackay

Click here to listen its easyDownload the audio file

5:30am - 8:00am

Isaac Reginal Council's demographic study

08 November 2011 , 10:02 AM by Jacquie Mackay

IsaacLast year the Isaac Regional Council asked KPMG to put together a demographic study of the area to show what services and infrastructure is required as the population expands due to new mining development.


Bernard Salt is a demographer with KPMG and he says that the number of non-resident transient workers coming into the region is growing by 8-9000 a year and making the Isaac Region one of the fastest growing areas of the country.
I asked Mr Salt what is the population at the moment and how is it predicted to grow and what that will need for the future needs of the community.













The Isaac Plains Coal Mine is located approximately 7 kilometres south east of the town of Moranbah in the Bowen Basin region of central Queensland

Isaac Plains Coal Mining Operations

The Isaac Plains Coal Mine is located approximately 7 kilometres south east of the town of Moranbah in the Bowen Basin region of central Queensland. It is comprised of the Isaac Plains North and Isaac Plains South coal deposits, separated by a distance of approximately 15 kilometres. Mining operations were initially commenced at the Isaac Plains North deposit in late 2006 and included the construction of coal processing facilities and associated power, water, road and rail infrastructure.
Subject to receipt of all regulatory approvals, the project is planned to ramp-up to its nameplate capacity of 2.8Mtpa of product in line with the current Phase 2/3 expansion at the Dalrymple Bay Coal Terminal which should be completed by April 2009.  The product split from the project is 75% metallurgical coal and 25% thermal coal.

Integrated Isaac Plains Project

It is proposed that the Isaac Plains South deposit be developed later this year, subject to completion of regulatory approvals, as part of the Integrated Isaac Plains Project which involves mining operations at both deposits using a combination of truck and shovel and also dragline methods, with processing and railing occurring at the existing Isaac Plains North facilities.
The Bucyrus-Erie 1370 dragline has been acquired and relocated from the United States to Mackay for refurbishment with a view to its initial introduction at Isaac Plains North in 2009, subsequently moving to Isaac Plains South in the latter part of the mine life.
Isaac Plains Coal Project - Summary of ROM Coal Reserves (Mt)
Deposit Proven Tonnes Probable Tonnes Total ROM
Reserves Tonnes
Isaac Plains North 26.0 2.0 28.0
Isaac Plains South - 37.5 37.5
Total 26.0 39.5 65.5
The information on this website that relates to the Reserves Statement for the Integrated Isaac Plains Project has been based on information prepared by Mr Mark Bowater and Mr Richard Hoskings.  Mr Bowater is the Director of MB Mining Consultants Pty Ltd.  Mark has a Bachelor in Civil Engineering from Queensland University of Technology and a Bachelor in Business from the University of Southern Queensland.  He has over 16 years experience in the open cut mining industry, including 14 years in Queensland coal.  Mr Bowater has substantial experience in mining operations, financial evaluations, including previously conducted reserves statements.  Mr Bowater is a Member of the Australasian Institute of Mining and Metallurgy and as such qualifies as a Competent Person under the JORC Code.  Mr Hoskings has a degree in Mining Engineering from the University of Queensland and a Master of Science in Mineral Production Management from London University.  Mr Hoskings is a Fellow of the Australasian Institute of Mining and Metallurgy and a member of the Mineral Industry Consultants Association and qualifies as a Competent Person under the JORC Code.  Mr Bowater and Mr Hoskings consent to the inclusion on this website of the matters based on their information in the form and context in which is appears.
The project will mine the Leichardt coal seam at Isaac Plains North and both the Leichardt and Vermont coal seams at Isaac Plains South.
Integrated Isaac Plains Project Site Location